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Verity Resources Confirms Gold Mineralisation at Monument’s Triton and Perseverance Prospects

• 7km Monument trend; potential Korong-Wai resource growth.

• Triton RC: best 12m @0.33 g/t from 20m.

• Perseverance RC: BIF; best 2m @1.24 g/t from 86m.

Verity Resources (ASX: VRL) has confirmed gold mineralisation across seven kilometres of the Monument Trend within its Monument gold project in Western Australia.

Regional drilling at the Triton prospect comprising seven aircore holes for 370 metres identified a broad supergene gold system 1.7km south of the Waihi target with.

Best assays were 12m at 0.33 grams per tonne gold from 20m, 12m at 0.25g/t gold from 36m, and 4m at 0.55g/t gold from 52m.

Triton lies along a favourable mafic-siltstone contact, providing a useful analogue to the nearby Fred’s Well prospect that has previously returned a best intercept of 24m at 3.24g/t gold including 12m at 6.35g/t.

Verity has planned follow-up reverse circulation drilling at Triton to test for primary mineralisation beneath the weathered profile.

Perseverance RC Drilling

At the Perseverance prospect, three reverse circulation (RC) holes for 474m to tested a geophysical anomaly highlighted by a previous induced polarisation (IP) survey and intersect prospective banded iron formation (BIF) stratigraphy in an area with no previous drilling.

Verity was able to confirm BIF mineralisation 6km northwest of the Korong deposit and 2km north of Waihi, returning best assays of 2m at 1.24g/t gold from 86m and 2m at 0.73g/t gold from 66m.

Perseverance is the company’s most distant prospect tested to date and therefore seen as an important indicator of the broader scale of the Monument system.

Gold mineralisation has now been identified across 7km of the Monument Trend from Korong in the south to Perseverance in the north, supporting the potential to expand Korong-Waihi’s 154,000 ounce inferred resource estimate.

Broader Picture Emerging

​​​​​​​Verity director Patrick Volpe said the regional drilling results strengthen the broader exploration picture which is emerging at Monument.

“We now have mineralised positions confirmed at Korong, Waihi, A1, and Perseverance, together with encouraging supergene gold results at Triton,” he said.

“A1 supports continuity of the mineralised BIF corridor between Korong and Waihi, Perseverance confirms mineralised BIF at a new location well beyond the current resource areas, and Triton has highlighted a separate contact-style target that warrants follow-up drilling below the weathered profile.”

The Monument project contains approximately 20km of prospective BIF strike, with only a limited proportion tested by systematic drilling to date and numerous untested targets reinforcing its regional-scale potential, offering what Mr Volpe described as “meaningful scope” for further resource growth.

​​​​​​​Source: SmallCaps